EasyAssignsEasyAssignsDate: 10 March 2025
Key Performance Indicators (KPIs) are crucial metrics that help project managers assess the progress and success of their projects. Tracking the right KPIs can mean the difference between project success and failure. In this article, we will explore the top 10 KPIs that every project manager should track.
Budget Variance measures the difference between the planned budget and the actual spending. A high variance indicates financial mismanagement, while a low variance suggests effective cost control.
Schedule Variance (SV) determines whether a project is ahead or behind schedule. It is calculated as the difference between the planned schedule and actual progress.
Tracking how efficiently resources (time, personnel, and materials) are utilized helps in maximizing productivity and minimizing waste.
This KPI measures the percentage of completed tasks compared to the total tasks planned, ensuring the project stays on track.
CPI helps project managers evaluate cost efficiency by comparing the value of work completed to the actual cost incurred.
Customer satisfaction scores provide insights into how well the project meets client expectations.
Scope creep refers to uncontrolled project expansion. Tracking changes in project scope helps prevent budget overruns and delays.
This KPI assesses how well potential risks are identified, analyzed, and mitigated throughout the project.
ROI measures the profitability of a project, ensuring that investments lead to expected financial benefits.
Evaluating team performance through output efficiency and collaboration metrics ensures project success.
By monitoring these 10 essential KPIs, project managers can enhance decision-making, improve efficiency, and increase the likelihood of project success. Keep refining your KPI tracking strategy to align with evolving project goals and industry best practices.
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